While the government is scrambling to figure out what they are going to do about their debt, they need to give a call to Steve Jobs over there at Apple and ask him for some advice.
According to the latest statement from the U.S. Treasury, the government has an operating cash balance of $73.8 billion and Apple is packing about $76.2 billion in cash and marketable securities.
“We don’t let the cash burn a hole in the pocket or make stupid acquisitions,” CEO Jobs said last fall. “We’d like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future.”
Of course Apple doesn’t have a whole country to run but it does know how to make money. Maybe if we change our educational system then maybe we could be in the forefront of some industry someday.
Read More on CNN.com